CNBC's Jim Cramer gave investors advice on how to build a strong portfolio during the Federal Reserve's struggle to reduce inflation.
Jim Cramer, during Thursday's "Monthly Meeting," offered Club members tips to build a strong portfolio that can endure the Federal Reserve's tempestuous battle to tamp down inflation. As the Fed struggles to stop prices from skyrocketing, they're also worried wage inflation being fueled by the job-hopping nature of the labor market in the rush back to work after Covid. Remember, the Fed's dual mandate calls for fostering price stability and maximum employment.
Like always, we advise investors to do their research on a company and its financials before investing in it. For health-care companies, keep an eye on the company's services and products, as well as its pipeline of offerings. If a drug company looks appealing, for example, watch for how promising its trials and research appears.
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